Grand Capital Group LLC Acquires Multifamily Property In Delray Beach For $13.55M
1100 Southwest 4th Avenue, Delray Beach, Florida 33444, United States
$13,550,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 17, 2022
AI
The multifamily property located at 1100 SW 4th Ave in Delray Beach has been sold. The transaction took place on January 17, 2022. The property spans across 4.86 acres in total.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,550,000
- Number of Units: 60
- Price per Unit: $225,833
- Buyer: Grand Capital Group LLC
- Seller: B and H Delray LLC
- Brokers: Calum Weaver & Perry Synanidis - Cushman & Wakefield
The buyer, Grand Capital Group LLC, acquired the property from the seller, B and H Delray LLC. The deal was facilitated by brokers Calum Weaver and Perry Synanidis from Cushman & Wakefield.
Players
Delray Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.17%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93